Toward ESG Alpha: Analyzing ESG Exposures through a Factor Lens

This is a summary of "Toward ESG Alpha: Analyzing ESG Exposures through a Factor Lens" by Ananth Madhavan, Aleksander Sobczyk, and Andrew Ang, published in the First Quarter 2021 issue of the Financial Analysts Journal.

Summary: https://www.cfainstitute.org/en/research/financial-analysts-journal/2020/toward-esg-alpha